UiPath Earns No. 3 Spot on the Forbes 2019 Cloud 100 List

11 September 2019

UiPath Earns No. 3 Spot on the Forbes 2019 Cloud 100 List

CEO Daniel Dines Profiled in the September Issue of Forbes Magazine

NEW YORK – September 11, 2019 – UiPath, the leading enterprise Robotic Process Automation (RPA) software company, has earned the No. 3 spot on the Forbes 2019 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published annually by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. UiPath broke into the list for the first time last year at No. 14. UiPath CEO Daniel Dines was also profiled in the September issue of Forbes, detailing the beginnings and rise of the company leading the “hottest new growth area in tech.”

"We were very proud to have been named to the Forbes Cloud 100 for the first time last year – but this new level of recognition is humbling,” said Dines. “UiPath could not have achieved this kind of growth and success without our teams around the world, our investors who are true partners, and our customers and partners who have bet on our automation technology to transform their businesses. I have deep appreciation and respect for our customers, especially.”

As part of the rigorous selection process for the Forbes 2019 Cloud 100, Bessemer Venture Partners received submissions from hundreds of cloud companies. The Cloud 100 Judging Panel, made up of public cloud company CEOs, reviewed the data to select, score and rank the top 100 private cloud companies from all over the world. The evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%) and people & culture (15%). The Forbes 2019 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2019 issue of Forbes magazine.

UiPath has experienced explosive growth since its founding in 2005. Today, its RPA solution is used by more than 4,000 organizations worldwide, including eight of the top 10 Fortune 500. Customers include Uber, Pandora, Equifax, HP, McDonald’s, NASA and Virgin Media. At a valuation of $7 billion, UiPath is leading the “automation first” era with a vision to provide one robot for every person and is growing at an unprecedented rate for an enterprise software company.